System and method for issuing and tracking funding for contracting services

Abstract

The invention is a system and method for providing funding to meet an insurance deductible through a contractor and submitting proof of payment of a deductible to an insurance company, or for providing funding for services unrelated to insurance claims, whereby the customer makes payments on the funded amount through the system. The system including segmented user accounts accessible by administrators, partners, contractors, and customers. The system being comprised of a networked server operatively connected to a database storing user account information and funding agreements.

1 . A method for issuing and tracking funding for contracting services comprising:
 providing a system server, connected to a network;   providing an administrator device, connected to the system server through the network;   providing a client device, connected to the system server through the network;   providing a contractor device, connected to the system server through the network;   providing a salesman device, connected to the system server through the network;   providing a partner device, connected to the system server through the network;   providing a set of processors in the system server, the administrator device, the client device, the contractor device, the salesman device, and the partner device;   providing a set of memories, each memory of the set of memories operably connected to at least one processor in the set of processors;   the set of memories, including a set of instructions that, when executed causes the system to perform the steps of:
 receiving, at the client device, a first quote for a first construction project; 
 generating, at the contractor device, a first funding agreement for the first construction project; 
 receiving, at the system server, a first payment for the first funding agreement; 
 updating and tracking, at the system server, a first amount owed on the first funding agreement; and, 
 receiving, at the system server, a second payment according to the first funding agreement. 
   
     
     
         2 . The method of  claim 1  wherein the step of generating the first funding agreement further comprises the steps of:
 receiving, at the system server, a first funded amount and a first set of payments; 
 determining, at the system server, a first payment plan for the first funded amount and the first set of payments; 
 receiving, at the client device, the first funding agreement; 
 receiving, at the client device, a first execution of the first funding agreement; and, 
 storing, at the system server, the first funding agreement. 
 
     
     
         3 . The method of  claim 1  wherein the set of instructions comprises further instructions that cause the system to perform the steps of:
 receiving, at a first insurance company device, a first damage appraisal for the first construction project; 
 receiving, at the contractor device, a first insurance policy claim for the first construction project; 
 identifying, at the contractor device, a first deductible amount for the first insurance policy claim; 
 transmitting, by the system server, the first funding agreement to the first insurance company device; and, 
 transmitting, by the contractor device, a first completion report to the first insurance company device. 
 
     
     
         4 . The method of  claim 3  wherein the step of transmitting the first funding agreement to the first insurance company device further comprises:
 transmitting the first funding agreement by one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device; and, 
 wherein the step of transmitting the first completion report to the first insurance company device further comprises:
 transmitting the first completion report by one of the group of system server, the administrator device, the contractor device, the salesman device, and the partner device. 
 
 
     
     
         5 . The method of  claim 1  wherein the set of instructions comprises further instructions that cause the system to perform the steps of:
 receiving, at the client device, a second quote for a second construction project; 
 generating, at the contractor device, a second funding agreement for the second construction project; 
 receiving, at the system server, a third payment for the second funding agreement; 
 updating and tracking, at the system server, a second amount owed on the second funding agreement by the system server; and, 
 receiving, at the system server, a fourth payment according to the second funding agreement. 
 
     
     
         6 . The method of  claim 5  wherein the step of generating the second funding agreement further comprises:
 the step of generating the second funding agreement at one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device. 
 
     
     
         7 . The method of  claim 5  wherein the step of generating the second funding agreement comprises the further steps of:
 receiving, at the system server, a second funded amount and a second set of payments; 
 determining, at the system server, a second payment plan for the second funded amount and the second set of payments; 
 receiving, at the client device, the second funding agreement; 
 receiving, at the client device, a second execution of the second funding agreement; and, 
 storing, at the system server, the second funding agreement. 
 
     
     
         8 . The method of  claim 5  further comprising the step of providing an insurance company device, connected to the system server through the network; and,
 wherein the set of instructions comprises further instructions that cause the system to perform the steps of:
 receiving, at the insurance company device, a second damage appraisal for the second construction project; 
 receiving, at the contractor device, a second insurance policy claim for the second construction project; 
 identifying, at the contractor device, a second deductible amount for the second insurance policy claim; 
 transmitting, by the system server, the second funding agreement to a second insurance company device; and, 
 transmitting, by the contractor device, a second completion report to the second insurance company device. 
 
 
     
     
         9 . The method of  claim 8  wherein the step of transmitting the second funding agreement to the second insurance company device further comprises:
 transmitting the second funding agreement by one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device; and, 
 wherein the step of transmitting the second completion report to the second insurance company device further comprises: 
 transmitting the second completion report by one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device. 
 
     
     
         10 . The method of  claim 1  wherein the step of generating the first funding agreement further comprises:
 generating the first funding agreement at one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device. 
 
     
     
         11 . A system for issuing and tracking funding for contracting services comprising:
 a system server, connected to a network;   an administrator device, connected to the system server through the network;   a client device, connected to the system server through the network;   a contractor device, connected to the system server through the network;   a salesman device, connected to the system server through the network;   a partner device, connected to the system server through the network;   a set of processors in the system server, the administrator device, the client device, the contractor device, the salesman device, and the partner device;   a set of memories, each memory of the set of memories operably connected to at least one processor in the set of processors;   the set of memories, including a set of instructions that, when executed causes the system to perform the steps of:
 receiving, at the client device, a first quote for a first construction project; 
 generating, at the contractor device, a first funding agreement for the first construction project; 
 receiving, at the system server, a first payment for the first funding agreement; 
 updating and tracking, at the system server, a first amount owed on the first funding agreement; and, 
 receiving, at the system server, a second payment according to the first funding agreement. 
   
     
     
         12 . The system of  claim 11  wherein the step of generating the first funding agreement further comprises the steps of:
 receiving, at the system server, a first funded amount and a first set of payments; 
 determining, at the system server, a first payment plan for the first funded amount and the first set of payments; 
 receiving, at the client device, the first funding agreement; 
 receiving, at the client device, a first execution of the first funding agreement; and, 
 storing, at the system server, the first funding agreement. 
 
     
     
         13 . The system of  claim 11  wherein the set of instructions comprises further instructions that cause the system to perform the steps of:
 receiving, at a first insurance company device, a first damage appraisal for the first construction project; 
 receiving, at the contractor device, a first insurance policy claim for the first construction project; 
 identifying, at the contractor device, a first deductible amount for the first insurance policy claim; 
 transmitting, by the system server, the first funding agreement to the first insurance company device; and, 
 transmitting, by the contractor device, a first completion report to the first insurance company device. 
 
     
     
         14 . The system of  claim 13  wherein the step of transmitting the first funding agreement to the first insurance company device further comprises:
 transmitting the first funding agreement by one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device; and, 
 wherein the step of transmitting the first completion report to the first insurance company device further comprises:
 transmitting the first completion report by one of the group of system server, the administrator device, the contractor device, the salesman device, and the partner device. 
 
 
     
     
         15 . The system of  claim 11  wherein the set of instructions comprises further instructions that cause the system to perform the steps of:
 receiving, at the client device, a second quote for a second construction project; 
 generating, at the contractor device, a second funding agreement for the second construction project; 
 receiving, at the system server, a third payment for the second funding agreement; 
 updating and tracking, at the system server, a second amount owed on the second funding agreement by the system server; and, 
 receiving, at the system server, a fourth payment according to the second funding agreement. 
 
     
     
         16 . The system of  claim 15  wherein the step of generating the second funding agreement further comprises:
 the step of generating the second funding agreement at one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device. 
 
     
     
         17 . The system of  claim 15  wherein the step of generating the second funding agreement comprises the further steps of:
 receiving, at the system server, a second funded amount and a second set of payments; 
 determining, at the system server, a second payment plan for the second funded amount and the second set of payments; 
 receiving, at the client device, the second funding agreement; 
 receiving, at the client device, a second execution of the second funding agreement; and, 
 storing, at the system server, the second funding agreement. 
 
     
     
         18 . The system of  claim 15  further comprising an insurance company device, connected to the system server through the network; and,
 wherein the set of instructions comprises further instructions that cause the system to perform the steps of:
 receiving, at the insurance company device, a second damage appraisal for the second construction project; 
 receiving, at the contractor device, a second insurance policy claim for the second construction project; 
 identifying, at the contractor device, a second deductible amount for the second insurance policy claim; 
 transmitting, by the system server, the second funding agreement to a second insurance company device; and, 
 transmitting, by the contractor device, a second completion report to the second insurance company device. 
 
 
     
     
         19 . The system of  claim 18  wherein the step of transmitting the second funding agreement to the second insurance company device further comprises:
 transmitting the second funding agreement by one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device; and, 
 wherein the step of transmitting the second completion report to the second insurance company device further comprises:
 transmitting the second completion report by one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device. 
 
 
     
     
         20 . The system of  claim 11  wherein the step of generating the first funding agreement further comprises:
 generating the first funding agreement at one of the group of the system server, the administrator device, the contractor device, the salesman device, and the partner device.